Pricing Carbon Emissions (Economic Reality and Utopia)

ISBN: 9781032003641
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Overview

Pricing Carbon Emissions provides an economic critique on the utopian idea of a uniform carbon price for addressing rising carbon emissions, exposing the flaws in the economic propositions with a key focus on the EUā€™s Emissions Trading System (ETS).

After an Executive Summary of the contents, the chapters build up understanding of orthodox economicsā€™ role in protecting the neoliberal paradigm. A salient case, the ETS is successful in shielding the Business-as-Usual activities of the EUā€™s industry, however this book argues that the system fails in creating innovation for decarbonizing production technologies. A subsequent political economy analysis by the author points to the discursive power of giant fossil fuel and electricity companies keeping up a faƧade of Cap-and-Trade utopia and hiding the reality of free permit donations and administrative price control, concealing financial bills mostly paid by household electricity customers. The twilights between reality and utopia in the EUā€™s ETS are exposed, concluding an immediate end of the system is necessary for effective and just climate policy. The work argues that the proposition of shifting to a global uniform carbon tax is equally utopian. In practice, a uniform price applied on heterogeneous cases is not a source of benefits but one of ad-hoc adjustments, exceptions, and exemptions. Carbon pricing does not induce innovation, however assumed by the economic models used by IPCC for advising global climate policy. Thus, it is persuasively demonstrated by the author that these schemes are doomed to failure and room and resources need to be created for more effective and just climate politics. The bookā€™s conclusion is based on economic arguments, complementing the critique of political scientists.

This book is written for a broad audience interested in climate policy eager to understand why decarbonizing progress is slow as it is. It marks a significant addition to the literature on climate politics, carbon pricing and the political economy of the environment more broadly.

The Open Access version of this book, available at www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.

This book title, Pricing Carbon Emissions (Economic Reality and Utopia), ISBN: 9781032003641, by Aviel Verbruggen, published by Taylor & Francis (January 9, 2023) is available in paperback. Our minimum order quantity is 25 copies. All standard bulk book orders ship FREE in the continental USA and delivered in 4-10 business days.

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Product Details

Author:
Aviel Verbruggen
Format:
Paperback
Pages:
262
Publisher:
Taylor & Francis (January 9, 2023)
Language:
English
ISBN-13:
9781032003641
Weight:
41oz
Dimensions:
6.125" x 9.1875"
File:
TAYLORFRANCIS-TayFran_240411043620272-20240411.xml
Folder:
TAYLORFRANCIS
List Price:
$51.99
Series:
Routledge Explorations in Environmental Economics
Case Pack:
30
As low as:
$46.79
Publisher Identifier:
P-MISC
Discount Code:
H
Audience:
College/higher education
Country of Origin:
United States
Pub Discount:
30

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